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SOURCE OF INFORMATION

SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 03-JUL-2025

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

PERSONS: DIRECTED NOT TO ASSOCIATE WITH AFFAIRS OF FORTIS HEALTHCARE LTD. IN ANY MANNER WHATSOEVER

S.No. PERSON ENTITY REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person MALVINDER MOHAN SINGH

(PAN:AABPS2552G)  
  INDULGED IN DIVERSION OF RS.403 CRORES (APPROX.) FROM FORTIS HEALTHCARE LTD. TO PARENT COMPANY RHC HOLDING PVT.LTD. VIOLATING SECTIONS 12(A) TO (C) OF SEBI ACT.1992 READ WITH REGULATIONS 3(B) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003   DIRECTED TO REPAY RS.403 CRORES (APPROX.) ALONG WITH DUE INTEREST TO FORTIS HEALTH CARE LTD. JOINTLY AND SEVERALLY

DIRECTED NOT TO DISPOSE OF, ALIENATE OR ENCUMBER ANY ASSETS / PROPERTIES

DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM INVESTORS

DIRECTED NOT TO ASSOCIATE WITH AFFAIRS OF FORTIS HEALTHCARE LTD. IN ANY MANNER WHATSOEVER FROM 17-OCT-2018 TILL FURTHER ORDERS

17-OCT-2018 		SEBI VIDE ITS ORDER DATED 21/12/2018 DIRECTED RHC HOLDING PVT.LTD., SHIVI HOLDINGS PVT.LTD., MALAV HOLDINGS PVT.LTD., MR.MALVINDER MOHAN SINGH, MR.SHIVINDER MOHAN SINGH, RELIGARE FINVEST LTD., BEST HEALTHCARE PVT.LTD., FERN HEALTHCARE PVT.LTD.AND MODLAND WEARS PVT.LTD. TO JOINTLY AND SEVERALLY, REPAY RS.403 CRORES (APPROX.) ALONGWITH INTEREST TO FORTIS HOSPITALS LTD. WITHIN THREE MONTHS FROM DATE OF INTERIM ORDER DATED 17/10/2018 AND NOT TO DISPOSE OFF OR ALIENATE OF THEIR ASSETS OR DIVERT ANY FUNDS WITHOUT PRIOR PERMISSION OF SEBI

SEBI VIDE ITS ORDER DATED 21/12/2018 DIRECTED NOT TO ASSOCIATE THEMSELVES WITH AFFAIRS OF FORTIS HEALTHCARE LTD. AND FORTIS HOSPITALS LTD. IN ANY MANNER WHATSOEVER, TILL FURTHER DIRECTIONS  
2
History of entity/person SHIVINDER MOHAN SINGH

(PAN:AAKPS4318M)  
  INDULGED IN DIVERSION OF RS.403 CRORES (APPROX.) FROM FORTIS HEALTHCARE LTD. TO PARENT COMPANY RHC HOLDING PVT.LTD. VIOLATING SECTIONS 12(A) TO (C) OF SEBI ACT.1992 READ WITH REGULATIONS 3(B) TO 3(D) AND 4(1) OF SEBI (PFUTP) REGULATIONS, 2003   DIRECTED TO REPAY RS.403 CRORES (APPROX.) ALONG WITH DUE INTEREST TO FORTIS HEALTH CARE LTD. JOINTLY AND SEVERALLY

DIRECTED NOT TO DISPOSE OF, ALIENATE OR ENCUMBER ANY ASSETS / PROPERTIES

DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM INVESTORS

DIRECTED NOT TO ASSOCIATE WITH AFFAIRS OF FORTIS HEALTHCARE LTD. IN ANY MANNER WHATSOEVER FROM 17-OCT-2018 TILL FURTHER ORDERS

17-OCT-2018 		SEBI VIDE ITS ORDER DATED 21/12/2018 DIRECTED RHC HOLDING PVT.LTD., SHIVI HOLDINGS PVT.LTD., MALAV HOLDINGS PVT.LTD., MR.MALVINDER MOHAN SINGH, MR.SHIVINDER MOHAN SINGH, RELIGARE FINVEST LTD., BEST HEALTHCARE PVT.LTD., FERN HEALTHCARE PVT.LTD.AND MODLAND WEARS PVT.LTD. TO JOINTLY AND SEVERALLY, REPAY RS.403 CRORES (APPROX.) ALONGWITH INTEREST TO FORTIS HOSPITALS LTD. WITHIN THREE MONTHS FROM DATE OF INTERIM ORDER DATED 17/10/2018 AND NOT TO DISPOSE OFF OR ALIENATE OF THEIR ASSETS OR DIVERT ANY FUNDS WITHOUT PRIOR PERMISSION OF SEBI

SEBI VIDE ITS ORDER DATED 21/12/2018 DIRECTED NOT TO ASSOCIATE THEMSELVES WITH AFFAIRS OF FORTIS HEALTHCARE LTD. AND FORTIS HOSPITALS LTD. IN ANY MANNER WHATSOEVER, TILL FURTHER DIRECTIONS  
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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